About Us
Cash flow stalls or a time limited opportunity can hit when your bank is slow or at its limit in Wellington. We use second mortgage business loans to access equity in your residential or commercial property with short term funding, fast decisions, and a simple path handled by Wellington Second Mortgage Business Loans.
We know the local market and we read the full story, not only the score on a report. We look past tick box rules by weighing your turnover, equity, and exit plan, and that’s why deals that do not suit a bank can still get done with us.
You get speed, straight talk, and a structure that fits your cash cycle. We are consistent on timelines, we work with tough files when the equity and turnover stack up, and we stay with you until the exit is done.
Loan sizes run from $20,000 to $500,000 with terms from three to twenty four months and second mortgage loans usually sit at six to twelve months, pricing is risk based and higher than bank lending due to the short term and higher risk, repayments can be interest only or principal and interest, interest can be capitalised in some cases, and payment cycles can be weekly, fortnightly, or monthly. We accept residential or commercial property in Wellington as security but not rural properties or lifestyle blocks, total lending can reach about ninety percent loan to value ratio in stronger scenarios with sufficient property equity required, minimum trading history starts at six months for smaller loans and increases up to five years for the maximum amount with at least twenty thousand dollars in monthly turnover, we consider credit scores but we don’t rely on them on their own, we can give an indicative decision within twenty four working hours once complete and correct documents are in, and fees such as application, valuation, and legal are set out in the loan agreement with early repayment usually allowed under the contract.
Talk with us about second mortgage business loans Wellington today. Call or send your figures for a quick quote and we will confirm what you can borrow and the steps to settle.
Fast Approvals - $20k to $500k